Singtel’s Australian unit Optus prices S$200 million 10-year fixed-rate notes at 2.84%
Net proceeds will fund the subsidiary’s ordinary course of business
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[SINGAPORE] Mainboard-listed telco Singtel on Tuesday (Jun 23) said that its wholly owned Australian subsidiary, Optus, has priced S$200 million 10-year fixed-rate notes at 2.84 per cent.
The notes will be issued on Jun 30, 2026, and mature on Jun 30, 2036.
They will be drawn down from the three billion euro (S$4.4 billion) medium-term note programme of Optus’ financing and treasury arm, Optus Finance.
In a bourse filing, Singtel said the issue is part of its long-term financing strategy and will extend the debt maturity of the company and its subsidiaries.
The net proceeds will be swopped into Australian dollars and used by Optus to fund its ordinary course of business, it added.
Singtel shares closed at S$4.35 on Tuesday, down 0.2 per cent or S$0.01, before the news.
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